Forum Archive Index - September 2000

["Sarah Corkhill" <sarah.corkhill@db.com>]

Hi All,

Well the NZSE wont be at work right now but on the other side of the world.... 
I am!

I will do my humble best to answer as a former employee of the NZSE and answer 
your questions which
 Kathy can add to tomorrow.

1. Surely information as basic as when a dividend is due, or when a company is 
going to
report an annual result, should be made freely available to the public? Or is 
there
somewhere else? (I know NBR has some info but reliability is in question)

Yes all the information about a company's dividend dates etc is made available 
to the
public for free.  You can look on any brokers website for the announcement and 
all the information
 is contained in it.  All it takes is alittle effort on the part of the 
investor to look for the information and you
will find it.  What the NZSE publishes in the form of the weekly diary is a 
summary of all this free
information and sells it to people that don't want to gather the information 
for themselves.  It it not new or
otherwise unavailable information - it is just packaged in a more userfriendly 
fashion.  All brokers recieve
a copy of the weekly diary and if you would like to view a copy ask your broker 
to show you a copy.
As to when a company is going to release it's annual report, that is covered by 
the listing rules and nothing
special about that either.

2. In whose interest is it to keep investors continually in the dark - rather 
than as informed as possible???

It is not a case of keeping investors in the dark - it is case of not looking 
for the information and just
blaming the NZSE for the lack of information.  The information is out there if 
you look. Your broker also
holds all this information and will be happy to provide it to you if you ask.

3. Does the NZSE believe this lack of accessible information will stimulate 
share purchasing in New Zealand ?

I will leave this one for Kathy!

4. When will a merger with ASX take place - pleeaasseee? ditto

Regards,

Sarah


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